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Andreas Chai and Alessio Moneta |
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''Comparing shapes of engel curves'' |
( 2009, Vol. 29 No.2 ) |
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We measure how different the shapes of Engel curves are across 59 commodity groups. The same analysis is carried out for their derivatives and variances. While Engel curves possess a relatively homogeneous shape, significantly more heterogeneity is present in derivatives and when particular sub-classes of income are considered. |
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Keywords: Consumption, Kernel smoothing, Rank correlation, Curve shape |
JEL: D1 - Household Behavior: General C1 - Econometric and Statistical Methods: General |
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Manuscript Received : Feb 09 2009 | | Manuscript Accepted : May 28 2009 |
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